Abstract
The ability to manage personal finances has become increasingly significant, particularly for university students. This study has examined the influence of human capital, financial socialisation agents and motivation on financial literacy among private university students in Malaysia. A survey consisted of 390 students was conducted from various private universities based on positive paradigm approach. The survey data collected was then analysed using statistical techniques and multiple regression models. The survey results showed that human capital, financial socialisation agents and motivation have significant effects on individuals financial literacy and supported the theory of planned behaviour. The research findings provide insights for policymakers to improve financial literacy among students in higher education institutions. Policymakers such as the Malaysian government and the Ministry of Higher Education can utilise the findings for the National Strategy for Financial Literacy 2019-2023 and the Malaysia Education Blueprint 2015-2025.
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